▎Market analysis of BTC/ETH — May 8, 2025

▎Technical analysis of BTC

📊 Moving averages (EMA):

• EMA7 and EMA50 form short-term support.

• An ascending channel is observed on the 4-hour chart, but the high divergence rate of EMA120 indicates a risk of correction.

• The MACD shows a golden cross, but the momentum is weakening.

• RSI (54.41) — neutral-strong.

• The narrowing of the Bollinger Bands signals an imminent trend change.

📈 Long-term indicators:

• EMA (20/50/100/200) formed a golden cross, but the resistance has not been broken — confirmation of the reversal is required.

• The daily RSI (58) is neutral-strong, the 4-hour RSI (45) is weakening — the upward momentum is insufficient.

• A decrease in volume on the daily chart and a reduction in red bars on the 4-hour chart — a false breakout is possible.

🔴 Risks:

• False breakout, correction after growth.

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▎Market news and strategies

🚀 BTC reached $97K

• Upward trend from $74.5K to $98.3K, but divergence is possible in segment C.

• Strategy: Short positions in the $99.2K–$99.8K zone, stop-loss at $100.2K. After correction — calculation of Fibonacci levels.

📢 Key events:

• Bitwise has applied for an ETF for NEAR.

• OBOL launches a listing reward program.

💥 Sharp movements:

• Liquidations at $310 million, BTC has risen for the third consecutive day (+10K points), ETH — +300 points.

• Large players ( "whales" ) are active: 3422 BTC were transferred to the exchange, causing panic.

🎯 Trading recommendations:

• Long positions from $96.7K, target $98.4K+.

• Key levels:

• Support: $97.2K ( volume level ).

• Resistance: $99.6K–$100.6K (zone of strong pressure).

• Stop-loss: $99.888.

• ETH: Entry $1900–$1930, target $1800.

⚠️ Important:

• Control risks, avoid blind trades.

• The market is volatile - sharp pullbacks are possible.

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▎Result:

• BTC is in the overbought zone, a correction is possible.

• ETH is weakening, watching the support at $1900.

• Large players manipulate liquidity — caution on breakouts.

#BTC BitwiseNEARETF #OBOL

🔹 Follow the trend, protect your capital, avoid FOMO! 🚀